It’s official: Zillow will own Trulia

Julie C. Nichols General – Trey Garrison

Zillow (Z) today announced that it has entered into a definitive agreement to acquire Trulia (TRLA) for $3.5 billion in a stock-for-stock transaction. The two companies will remain separate entities, though real estate agents will be able to advertise on both sites and gain access to combined tech efforts, the company’s CEOs said this morning. The deal will require regulatory approval.

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